Published: Wed, January 10, 2018
Money | By Armando Alvarado

NC loses Toyota-Mazda auto plant to Alabama

NC loses Toyota-Mazda auto plant to Alabama

Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant, a person briefed on the decision said Tuesday, Jan. 9, 2018. It will be able to build 300,000 vehicles per year and will produce the Toyota Corolla compact auto for North America and a new small SUV from Mazda, the companies have said.

Toyota had originally planned to build a new Corolla plant in Mexico, but after the joint venture plans were announced in August, Toyota changed course and made a decision to build the Tacoma pickup at the plant in Mexico and the new Corolla production at the new US plant. Toyota already has a large presence in Huntsville, as Toyota Motor Manufacturing Alabama already employs 1,450 people.

Toyota Motor Co. and Mazda Motor Corp. today officially announced that they've chosen Alabama as the site for their upcoming joint plant.

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WDRB reported in August that Bevin said he had a personal relationship with Toyota Motor Corp.

USA sales of small cars fell almost 10 percent a year ago as buyers continued a massive shift toward SUVs and pickup trucks. The bill would allow local tax abatements for projects with capital investments over $100 million.

Discovery Communications will leave Maryland for NY
About 1,300 Discovery employees are based in the Silver Spring area, and 1,000 are based at Scripps' Knoxville headquarters. I respect the contributions Discovery has made over the last 15 years to Silver Spring and Montgomery County.

Toyota has 10 US plants in eight states in an arc running from West Virginia through Kentucky, Indiana, Alabama, Mississippi and Texas.Toyota and Mazda announced a capital alliance in August and are exploring joint development of technologies for the basic structure of competitive electric vehicles. But the companies said at that time that the plant would be in the United States.

Just before taking office last January President Trump attacked Toyota's plans. Southern U.S. states have the advantage of good transportation infrastructure, business-friendly regulators and generally anti-union politicians. The area has many parts factories that provide products to the automakers.

Toyota was one of the earliest foreign manufacturers to bring auto production to the United States, something which it is keen on expanding.

"The impact of an auto assembly plant extends beyond its immediate economic impact, and that's why states offer robust incentives", said Dennis Cuneo, a site-selection consultant and former Toyota executive. In addition to the existing Toyota engine plant it has plants for Hyundai, Honda and Mercedes-Benz.

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